Binance Smart Chain [BSC] has been bustling this bull market. The latest one to jump into the bandwagon is ‘The Graph’ which happens to be an indexing and query layer of the decentralized web.
According to the latest announcement by the exchange giant’s blockchain system has integrated with the indexing protocol, The Graph which is used for querying networks like Ethereum and IPFS.
The integration is set to allow the developers to create applications on Binance Smart Chain using subgraphs. The official blog post also revealed that The Graph protocol reportedly solves the problem of indexing for blockchain data.
The release further stated,
“Users no longer have to trust teams to operate servers and developers can deploy to reliable public infrastructure. BSC developers can master subgraphs using Graph Docs which will be supported via the hosted service.”
Besides, blockchains based on Binance Smart Chain are set to join ‘The Graph’s’ current support for Ethereum, POA, Polygon, and Fantom.
Owing to the latest integration, the developers can leverage the protocol to explore querying of subgraphs for increased data access. These ‘Subgraphs’ in question already exist for decentralized platforms [DeFi] such as Uniswap, Synthetix, AAVE, Gnosis, Balancer, Foundation, and many others..
Furthermore, the protocol will also assist the Binance Smart Chain to build all kinds of decentralized applications [DApps] for DeFi, non-fungible tokens [NFTs], gaming, marketplaces, and more.
One of the leading decentralized exchanges [DEX], PancakeSwap, has reportedly requested the integration of The Graph on BSC.
Binance Smart Chain: Sneak Peek
Launched in September 2020, Binance Smart Chain made a debut just in time DeFi revolution gained serious traction. As network fees went up on Ethereum, the conversation began to shift to alternative blockchains.
Since then activity on BSC has seen tremendous growth. In the last week of Feb, one of the largest DEX aggregators by trading volumes, 1inch went live on Binance Smart Chain as it branched out from the Ethereum network.